Share buyback program
New buyback program for registered shares and participation certificates in the combined amount of up to CHF 500 million.
November 05, 2024
Schindler decided to launch a share buyback program for registered shares and participation certificates in the combined amount of up to CHF 500 million. The buyback will start on November 6, 2024, and last until November 5, 2026, at the latest. The buyback will be executed on second trading lines on the SIX Swiss Exchange. The Board of Directors intends to propose capital reductions by canceling the repurchased registered shares and participation certificates at future Annual General Meetings.
The maximum buyback volume per day in accordance with article 123(1)(c) of the Financial Market Infrastructure Ordinance (FMIO) is 4 524 for registered shares and 23 759 for participation certificates.
Transactions conducted during the buyback program within and outside the program can be viewed in the below referenced PDF-document.
Purchases on the 1st trading line (outside the buyback program) are made for hedging purposes of future share and participation certificates delivery obligations related to employee share-based compensation and participation plans.